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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe E-bike Market Trends
The implementation of mobility hubs aids in the expansion of using e-bikes over a wider area by utilising shared e-bikes or trial e-bikes. Additionally, the introduction of cycle stops that provide e-bike parking, storage, and charging services at restaurants and cafes, can boost the use of e-bikes for recreational activities and support the region’s tourism sector. The tourism sector of Europe is booming. In 2023, the tourism sector expanded by 6.3% compared to 2022, propelling the Europe e-bike market growth.
Furthermore, across Europe, people are inclined to switch to an e-bike for their daily commute and recreational activities, as these bikes are highly eco-friendly. While parents adopt e-cargo bikes to pick up and drop off their children, food delivery and logistics businesses use them to replace delivery vans in urban areas to overcome traffic congestion.
Europe E-bike Market Report Snapshots
Europe E-bike Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market value was nearly USD 25.63 billion.
The market is projected to grow at a CAGR of 14.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 87.4 billion by 2032.
The major drivers include the sustainability benefits associated with e-bikes, the health benefits provided by cycling, and the growing popularity of e-cargo bikes.
The key trends aiding the market include growing demand for e-bikes for e-commerce and logistics purposes and expansion of charging infrastructure.
The different types of e-bikes include pedal-assisted and throttle assisted.
The major applications of e-bike include urban, tracking, cargo, and MTB, among others.
The major players in the market include Accell Group, Riese & Müller GmbH, Powabyke UK Ltd, QWIC and Kalkhoff Werke GmbH, among others.
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